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Norwood Resources Ltd. - Exercise of warrants

Trading Symbol: NRS
VANCOUVER, March 26 /CNW/ - Norwood Resources Ltd. (the "Company")
announces that 10,025,844 share purchase warrants were fully subscribed and
have been exercised at $2.00 per share for proceeds of $20,051,688. The
warrants were issued pursuant to a private placement in March 2005. The
proceeds from the exercise of warrants will be used to further the Company's
drilling program in Nicaragua.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NORWOOD RE

SOURCES LTD.
"Raymond Cahill"
Raymond Cahill
President &amp; CEO
WE SEEK SAFE HARBOUR
This press release contains certain forward-looking statements. While
these forward-looking statements represent our best current judgment, they are
subject to a variety of risks and uncertainties that are beyond the company's
ability to control or predict and which could cause actual events or results
to differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE